New Horizons Plaza Inc

Analysis

New Horizons Plaza Inc is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Horizons Plaza Inc reported income of $107k and spending of $92k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $67k to $107k (+60%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Horizons Plaza Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NE. Charities of a similar size with the same main cause include R-12 Recovery Ministries ($107k), Whites Livery Housing Development Fund Company Inc ($107k) and Housing Works 874 Jefferson Housing Development Fund Corporation ($107k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 31% of the total. At year end it held assets of $255k against liabilities of $8,968, net assets of $246k.